- Circular No. 13/2020/TT-BTTTT outlines regulations for software development that businesses must follow to be eligible for VAT refunds.
- This is particularly important for Vietnamese firms, such as VNG Vietnam, who are involved in the export of software products, including gaming.
- By adhering to the circular’s compliance requirements, businesses can claim VAT refunds for their input expenses.
- The circular provides guidelines and requirements for agencies, organizations, and businesses involved in software product activities, including software development companies, technology startups, software outsourcing firms, and other relevant entities.
- The Department of Technology is responsible for overseeing the implementation of the circular, but enterprises engaged in software production also hold a significant role in ensuring compliance.
- To qualify for a refund, businesses must fulfill all necessary requirements, including gathering and organizing relevant documents and records that validate their export business activities.
- These documents include evidence of programming and coding, records of software testing, and proof of finalization and packaging of products.
- By implementing compliance measures from the earliest phase of software production, businesses can mitigate the potential risks of not receiving a VAT refund.
Source Vietnam-briefing
Latest Posts in "Vietnam"
- Key Changes in Amended VAT Law Effective 2026: Thresholds, Tax Methods, and Refund Conditions
- VAT Threshold for Household and Individual Businesses Raised to 500 Million VND from 2026
- VAT Refunds No Longer Dependent on Seller’s VAT Declaration and Payment for Input Invoices
- Strengthening Electronic Invoice Management in Vietnam: Enforcement, Technology, and Compliance to Prevent Fraud
- Vietnam Amends VAT Law: Higher Exemption Thresholds, Refund Reforms, and Major Benefits for Agriculture
